Analysis by Region - Emerging Markets - Angola
Following buoyant growth in H1 2024, we expect the Angolan economy to cool moderately in H2 2024 and 2025 due to a slower expansion in the oil sector, widespread drought in the southeast, and intermittent foreign exchange shortages. Elevated inflation and fiscal consolidation are also thwarting the potential for higher overall economic growth. We forecast real GDP growth to moderate from 3.4% in 2024 to 2.5% next year.
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